Defiance Silver (CVE:DEF) Shares Down 6.8% – Here’s What Happened

Shares of Defiance Silver Corp. (CVE:DEF) were down 6.8% during trading on Monday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 822,365 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 2,058,598 shares. The stock had previously closed at C$0.22.

Defiance Silver Stock Up 10.6%

The stock has a market cap of C$95.85 million, a price-to-earnings ratio of -26.50 and a beta of 2.09. The stock’s 50 day moving average price is C$0.31 and its two-hundred day moving average price is C$0.27.

Insider Activity

In other news, Director Paul Smith sold 106,002 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of C$0.32, for a total value of C$33,920.64. Following the sale, the director owned 1,360,000 shares in the company, valued at C$435,200. This represents a 7.23% decrease in their ownership of the stock. 3.51% of the stock is currently owned by company insiders.

About Defiance Silver

Defiance Silver Corp., an exploration stage company, acquires, explores, evaluates, and develops mineral properties primarily in Mexico. It primarily explores for gold, copper, and silver deposits. The company was formerly known as Defiance Capital Corp. and changed its name to Defiance Silver Corp. in June 2011. Defiance Silver Corp. was incorporated in 2007 and is based in Vancouver, Canada.